Jerry you are wrong on both points.

As I have previously stated and documented the NKJV is based on the same text as the KJV.

The “received text” is a phrase that refers to the NT http://en.wikipedia.org/wiki/Textus_Receptus

The NKJV does not incorporate Critical Text readings.
One of the reasons many modern scholars object to the NKJV is because it does not follow the "Critical Text."

Again I would like to hear of a legitimate reason why you object to the NKJV other than the plural pronoun argument. I have already agreed that this is a legitimate argument, just not very persuasive as far as I am concerned.